China's Luxury Market Shifting From Status to Consumption As China's Middle Class Expands
Despite China's risks and macroeconomic issues, we believe even small rates of growth will yield significant opportunities for luxury firms.China's...
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A herd of fine horses are starting to head back to their home market
Two years ago I recalled during May/June period, put premiums were at double digits for the biggest china financial stocks. It was dirt cheap at...
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BAIC IPO - Expensive valuation underpinned by aggressive growth assumption amid China Auto market slow down
We would avoid the deal.We think that the IPO valuation doesn’t leave enough upside for investors as compared to peer’s valuation. In addition we...
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